With a greater increase in influx of international tourism in India Shashitabh has ventured into the hospitality business.

By 2013, the Indian hotel room market for 10 major cities is estimated to grow from Rs. 74 billion to Rs. 119 billion translating to a 17% CAGR.
Supply expected to grow at a CAGR of 15% will surpass the growth in demand, which is estimated to grow at a CAGR of 10.3% during 2010-13.

Across upscale, midscale and economy category of hotels, a total of 24211, 8709 and 3057 additional rooms are expected to become operational by 2013

We are currently exploring partnerships with several world-renowned hotel chains for economy and budget hotels. If you are interested in

Facts and Figures of Indian Hospitality industry

Tourism is presently the most important civil industry in the world. The hospitality industry is second only to the global oil industry in terms of turnover, and is, by far, the largest employer around the world. Ten percent of the world’s work force is in the tourism industry, and 10 percent of the world’s GNP comes from tourism.

Tourism in India is the largest service industry, with a contribution of 6.4% to the national GDP in 2011 and 8.78% of the total employment in India.

Foreign Tourist Arrivals (FTAs) to India increased from 5.17 million in FY09 to 5.78 million in FY10, thereby resulting in a increase of 11.8% YoY.

According to World Travel and Tourism Council, India will be a tourism hot-spot from 2009-2018, having the highest 10-year growth potential. The Tourism sector is expected to contribute around INR 3,414.8 billion (US$ 77.0 billion*) by 2021, according to a report by the World Travel and Tourism Council (WTTC).

According to the Tourism Satellite Accounting (TSA) research, released by World Travel and Tourism Council (WTTC) and its strategic partner Oxford Economics in 2011

» The direct contribution of Travel & Tourism to GDP is expected to be INR 1,570.5 billion (US$ 35.4 billion) (1.9 per cent of total GDP) in 2011, rising by 8.1 per cent per annum (pa) to INR 3,414.8 billion (US$ 77.0 billion*) (2.0 per cent) in 2021.

» The total contribution of Travel & Tourism to GDP, including its wider economic impacts, is forecast to rise by 8.8 per cent pa from INR 3,680.4 billion (US$ 83.0 billion) (4.5 per cent of GDP) in 2011 to INR 8,523.1 billion (US$ 191.2 billion*) (4.9 per cent) by 2021.

» The Travel & Tourism sector is expected to attract capital investment of INR 1,233.0 billion (US$ 27.8 billion), rising by 8.7 per cent pa to INR 2,827.5 billion (US$ 63.7 billion). This means that the sector’s share of total national investment will increase from 4.7 per cent in 2011 to 4.8 per cent in 2021.

» The TSA research also states that the Travel & Tourism sector is expected to support directly 24,931,000 jobs (5.0 per cent of total employment) in 2011, rising by 2.0 per cent pa to 30,439,000 jobs (5.2 per cent) by 2021.